New England Research & Management

New England Research & Management

Founded in 1978 and based in Chicago, New England Research & Management was established as an independent investment advisory firm serving individuals, high-net-worth families, and foundations. The firm traces its roots to a period when boutique equity managers proliferated across the Midwest, though little public record exists of its founding team or the specific wealth base that seeded the practice. The firm's investment strategy centers on direct equity portfolios managed through fundamental, bottom-up research. NERM constructs concentrated stock portfolios with turnover levels well below industry averages — a discipline that aligns with the long-duration capital of family and foundation clients. The firm does not market alternative asset sleeves or in-house private funds. Public filings suggest a domestic equity focus, though specific holdings are not widely disclosed. Outside of its registered investment advisory structure, the firm maintains no known affiliated vehicles, real-asset arms, or operating-company relationships. NERM operates as a lean organization, consistent with a boutique that has not pursued aggressive asset gathering. No recent personnel moves or vehicle launches appear in the public record. The firm's website lists no separate offices beyond Chicago, and LinkedIn presence is minimal — reflecting either a deliberate low profile or a client base built through long-term referrals rather than institutional marketing. Structurally, NERM's distinction lies in doing one thing: running concentrated, research-driven equity accounts without layering on ancillary services or product lines. That singular focus, maintained across five decades, represents a governance choice most advisory firms abandon once asset levels permit product expansion.